Mitch Rolsky Weekly Market Report

Indianapolis, IN 46205

Condos/Townhomes

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Indianapolis, IN 46205

Mon Feb 03 2025
This week the median list price for Indianapolis, IN 46205 is $152,350 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 6. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Indianapolis, IN 46205

Mon Feb 03 2025
This week the median list price for Indianapolis, IN 46205 is $152,350 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 6. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $152,350
Median Price of New Listings $0
Per Square Foot $137
Average Days on Market 93
Median Days on Market 102
Price Decreased 50%
Price Increased 17%
Relisted 0%
Inventory 6
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$250,000 1,701 0 - 4,500 sqft 3 1 101 0 0 84
$160,000 1,700 0 - 4,500 sqft 3 2 60 0 0 161
$152,350 996 0 - 4,500 sqft 1 1 50 0 0 122
$133,350 1,223 0 - 4,500 sqft 2 1.5 60 0 1 35